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  • Consumer watchdog gets new top lawyer

    The U.S. Consumer Product Safety Commission name Stephanie Tsacoumis as its new general counsel effective December 10.

    Tsacoumis joins CPSC after serving as vp and general counsel at Georgetown University in Washington, D.C., from 2009 through 2012, where she was responsible for all legal affairs and compliance matters at the university, including health and safety regulations, litigation, federal contracts and grants, and intellectual property.

  • NRF renews call for Obama to intervene in port strike

    Washington -- The National Retail Federation on Monday issued the following statement from President and CEO Matthew Shay regarding the strike that has shut down most terminals at the Ports of Los Angeles and Long Beach. NRF last week sent President Obama a letter asking that he intervene in the strike.

  • DJM Capital Partners to develop retail/hotel project

    Huntington Beach, Calif. -- DJM Capital Partners announced that it has acquired about 11 acres from Crescent Heights for the retail and hotel portion of a planned mixed-use development Pacific City.

    The company said it plans to develop on the original footprint and with almost 6.5 acres for 191,000 sq. ft. of open-air retail, restaurants and entertainment and four acres for an eight-story hotel. 

  • Brixmor announces multiple leases with Ross Dress for Less

    New York -- Brixmor Property Group announced four lease executions with Ross Dress for Less  across the Brixmor portfolio. Within the Brixmor portfolio of shopping centers, Ross currently has 26 locations in 11 states and encompasses approximately 800,000 sq. ft.

  • Inland Private Capital Corp. announces exec promotions

    Oak Brook, Ill. -- Inland Private Capital Corp. announced three employee promotions and the hiring of one new employee to the company’s senior management team. 

    Effective Nov. 13, the company has promoted Keith Lampi to the position of COO and Rahul Sehgal to chief investment officer. Additionally, Joe Binder has been promoted to senior VP acquisitions; Dione McConnell has been appointed VP operations.

  • SRS Real Estate names two new market leaders

    Dallas -- SRS Real Estate Partners announced that two new market leaders have been selected to lead the offices in Dallas/Ft. Worth and South Florida.
     
    Mark Reeder has been named market leader for the Dallas/Ft. Worth office and will lead in partnership with Ryan Johnson. Reeder has been with SRS since 2000.

    John Artope has been selected to lead the office in South Florida. He already leads the offices in Orlando and Tampa, and has been with the company since 2002.

     

  • CBRE names Minneapolis head

    Los Angeles -- CBRE Group said it has appointed Blake R. Hastings as managing director of its Minneapolis office, effective January 1, 2013.

    Hastings succeeds Whit Peyton, who will be stepping down after more than two decades of service.

    In his new position, Hastings will be responsible for overseeing all CBRE’s operations in Minnesota.

     

  • Nordstrom to relocate to Del Amo Fashion Center as part of center’s redevelopment

    Seattle -- Nordstrom said it plans to move its full-line store located at South Bay Galleria three miles south to Del Amo Fashion Center, Torrance, Calif. The two-level, 138,000-sq.-ft. store will open in 2015 as part of a major renovation of Del Amo Fashion Center that was announced Monday by Simon Property Group.

  • JoS. A. Bank opens 600th store; plans to grow to 800 stores

    Hampstead, Md. -- JoS. A. Bank Clothiers announced the opening of its 600th store, in the Shops at Midtown Miami on North Miami Avenue in Miami. The company said it expects to open another 200 stores in the future as part of its long-term plan to grow the chain to approximately 800 stores, including 700 full-line stores and 100 factory stores in the United States.

  • Dividend angst leads to unconventional actions

    Walmart moved its quarterly dividend payment up a few days so it would fall in 2012, but Costco took tax avoidance to a new level this week.

    In anticipation that tax rates on dividends will rise next year as the federal government flounders for ways to raise revenue rather cut spending, a flurry of companies are paying one time dividends or adjusting payment dates. Walmart falls into the latter camp and said its 39.75 cent per share payment scheduled for January 2 would instead be paid on December 27.

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